Sacramento Real Estate - An Overview

The industry has it's ups and downs during the last quarter of the decade but experts say that 2011 will be a brand new beginning specially for Sacramento Real Estate industry which projected an increase in sales volume because of a much cheaper property pricing seen this year.

An average price per square foot in the first quarter of the year for Sacramento region was $111, a decrease of 1.8 percent compared to the same period last year. The median sales price for homes in Sacramento for the last quarter of 2010 was $142,000 based on 3,434 home sales. Compared to the same period in 2009, the median home sales price decreased one percent, or $1,500, and the number of home sales decreased 28.1 percent. According to Trulia (A web based Real Estate search), there are currently 2,007 resale and new homes in Sacramento, including three open houses, as well as 8,915 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Sacramento region was $213,170 for the week ending Jan 05 of the present year, which represents an increase of 0.6 percent, or $1,237, compared to the prior week but some Realtors say pricing in the industry will go down come spring time. Popular neighborhoods in Sacramento include East Sacramento and South Land Park, with average listing prices of $584,981 and $290,475.

Sacramento Real Estate has a lot to offer. It is a great place to invest your hard-earned money without the need of spending so much.

So what are you waiting for? Invest now in Sacramento Real Estate and see for yourself what this region can offer to you. For more details, find a trusted Realtor today just like David Yaffee of www.DavidYaffeeTV.com and ask for listings that is tailor-made for your lifestyle.